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Homework answers / question archive / A materials requisition slip showed that direct materials requested were $66,000 and indirect materials requested were $9,000

A materials requisition slip showed that direct materials requested were $66,000 and indirect materials requested were $9,000

Accounting

A materials requisition slip showed that direct materials requested were $66,000 and indirect materials requested were $9,000. The entry to record the transfer of materials from the storeroom is 
a. Work In Process Inventory  66,000 Raw Materials Inventory  66,000 b. Direct Materials  66,000 Indirect Materials  9,000 Work in Process Inventory  75,000 c. Manufacturing Overhead  75,000 Raw Materials Inventory  75,000 d. Work In Process Inventory  66,000 Manufacturing Overhead  9,000 Raw Materials Inventory  75,000 
 

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Answer

d .

Explanation

Journal Entry to record the Transfer of Materials:    
Account Titles Debit Credit
Work In Process Inventory 66000  
Manufacturing Overhead 9000  
          Raw Materials Inventory   75000